Gaming software developer Playtech bets on a strong 2015

Josh Martin
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Playtech develops online gaming and sports betting software
Isleof Man-based gaming firm Playtech yesterday said it had won big in the first quarter, with revenue up 31 per cent.

Playtech, which develops online gaming and sports betting software, said – despite being impacted by the weakness of the euro – it increased revenues from regulated markets by 40 per cent for the three months to 31 March, up from 34 per cent for the same period in 2014.

Looking ahead, the gambling developer said average daily revenue for first 25 days of the second quarter of 2015 was up over 25 per cent on the same period last year.

Chief executive Mor Weizer said: “We have signed new licensees, furthered our relationship with existing licensees and continued to lead industry innovation, including launching an app for the Apple Watch on the day it was released, and saw further progress with Playtech ONE initiatives.”

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